Patent trolls continue to target banks.
After more than 100 banks were brought together in 2012 to defend against a patent troll that demanded licenses for their ATMs, that particular patent troll lost its appetite for the patent litigation and abandoned its claims.
That case demonstrated the power of a joint defense group. The question remaining is whether the same defense strategy can be duplicated in other situations involving different patents and different “trolls.” This question is relevant because patent trolls continue to assert claims against banks throughout the United States. Bob Stier, who successfully assembled the joint defense group that stood up to Automated Transactions, LLC, will share his thoughts about the nature of the continuing threat and the best practices in mounting an effective defense.
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